Hyundai to Supply Canal Valves
South Korea's Hyundai Heavy Industries will provide the valves for the new Panama Canal locks.
Friday, October 1, 2010
Hyundai signed a contract with Grupo Unidos por el Canal (GUPC), under which Hyundai will design, provide materials, build and install these components for the new locks.
The Italian company Cimolai will manufacture the gates for the new Panama Canal locks.
The construction of the new set of locks is 10% completed.
The Panama Canal Authority ordered consortium "Grupo Unidos por el Canal" the start of construction works.
Before August 19, the Panama Canal Authority will order for starting construction of the third set of locks of the Panama Canal.
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